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Author Question: The business cycle progresses from an expansion to a peak to a recession and then to a trough. ... (Read 128 times)

berenicecastro

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on: Jun 29, 2018
The business cycle progresses from an expansion to a peak to a recession and then to a trough.
 
  Indicate whether the statement is true or false

Question 2

A minimum wage is a government-imposed price ________ that is designed to be ________ the equilibrium wage rate.
 
  A) ceiling; above
  B) ceiling; below
  C) floor; above
  D) floor; below


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akemokai

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


berenicecastro

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Excellent

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